Freedom Holding completes acquisition of 99.32% stake in Turkish Bank, renames it Freedom Bank
FRHC•Deal structure and board changes
The stake was acquired from shareholders affiliated with Özyol Holding and National Bank of Kuwait.
Timur Turlov joined the new board, alongside H. Cenk Eynehan, Furkan Evranos, and Ayşe Hale Yıldırım.
The deal supports an expansion push in Türkiye, pairing the bank with Freedom’s local brokerage buildout.
Freedom Holding completes Turkish Bank acquisition
Freedom Holding completed the acquisition of 99.32% of Turkish Bank on July 31, 2026.
The lender was renamed Freedom Bank, establishing a base for an integrated banking and digital services platform in Türkiye.
